This Truce Is a Defeat for India’s Central Bank
Urjit Patel, governor of the Reserve Bank of India (RBI), adjusts his spectacle during a news conference in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

This Truce Is a Defeat for India’s Central Bank

(Bloomberg Opinion) -- Many of us will have breathed a sigh of relief as, after a marathon eight-hour meeting on Monday, it looked like India’s government and its central bank had finally made peac...
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